The U.S. dollar edged higher on Monday as investors reacted to President Donald Trump’s announcement of 25% tariffs on all steel and aluminum imports, with additional reciprocal tariffs expected midweek. U.S. Dollar Index (DXY): Up 0.1% to 108.17 USD/JPY: Up 0.59%, reversing last week’s yen rally EUR/USD: Flat at $1.0329 …
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The U.S. dollar held steady on Friday as traders awaited key U.S. payroll figures, while the yen climbed to a nine-week high on expectations of further rate hikes in Japan. Key Currency Movements Dollar Index: Flat at 107.63, down 2.1 percent from Monday’s high of 109.88, as global trade tensions …
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The U.S. dollar held firm on Tuesday as investors viewed President Donald Trump’s tariff threats primarily as a negotiating tactic rather than an immediate escalation of trade hostilities. This assessment followed Trump’s decision to suspend planned tariffs on Mexico and Canada, a move that provided temporary relief to markets. However, …
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Oil prices firmed slightly on Wednesday as traders anticipated OPEC+ to extend voluntary production cuts, while ongoing geopolitical tensions provided additional support to the market. Market Performance Brent Crude Futures: Up 19 cents (0.26%) at $73.81 per barrel (0916 GMT). West Texas Intermediate (WTI) Crude: Gained 13 cents (0.19%) to …
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Oil prices ticked higher on Tuesday, reflecting cautious optimism among traders ahead of a key OPEC+ meeting, but the market remains weighed down by concerns over weak demand and a lack of bullish catalysts. Market Performance Brent crude futures gained 0.4%, trading at $72.14 per barrel as of 0704 GMT. …
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Oil prices advanced on Monday, driven by optimism over robust factory activity in China and renewed geopolitical tensions in the Middle East. However, concerns over potential oversupply in 2025 continued to cap gains. Market Movement Brent crude: Rose 57 cents (0.79%) to $72.41 per barrel by 0700 GMT. West Texas …
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Oil prices slid on Friday, marking a weekly drop of over 3%, as the easing of geopolitical tensions and expectations of increased supply in 2025 overshadowed ongoing production cuts by OPEC+. The market continues to grapple with mixed signals, balancing near-term output restrictions with forecasts of a supply surplus in …
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Oil prices steadied on Monday, following significant gains last week, as concerns about supply disruptions due to geopolitical tensions kept prices elevated. Brent crude futures slipped 0.34% to $74.91 per barrel, while U.S. West Texas Intermediate crude (WTI) dropped 0.49% to $70.89 per barrel. Key Factors Affecting Oil Prices Geopolitical …
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Crude Oil prices rebounded after a volatile Friday, driven by a surge in the US dollar and positive economic indicators from the United States. The US Dollar Index hit a two-year high, benefiting from the weaker Eurozone economy and strong US economic data.The geopolitical tensions between Russia and Ukraine continue …
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Gold prices climbed higher on Wednesday, bolstered by increasing safe haven demand as geopolitical tensions between Russia and Ukraine escalated. However, gains in the precious metal were somewhat restrained due to the persistent strength of the U.S. dollar. Spot gold edged up by 0.2% to $2,636.28 an ounce, while December …
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